Renters pushed to breaking point as Britain's selfish homeowners gloat their hands

ukcarper

greensalad wrote: »

Just as an aside I got those figures from here, choosing the value halfway in between the lower and higher figures given, and then researched for the stamp duty.

On £220k stamp duty £1.9k say £1k legal fees including searches £1k BS and survey etc Total £3.9k move yourself I always have.

mwpt

greensalad wrote: »

What's the solution?

Have you considered a shared house? I did it for many years, and managed to save a lot that way. However, my advice, and I wish I'd done this many years ago, would be if you can somehow afford it, buy the house yourself and take in as many lodgers as you can. All those years I saved on pretty cheap rent by living in a shared house were great, but I wish it had been my house that was being paid off. And, I could have chosen who I lived with and kicked out some of the more irritating people.

greensalad

mwpt wrote: »

Have you considered a shared house? I did it for many years, and managed to save a lot that way. However, my advice, and I wish I'd done this many years ago, would be if you can somehow afford it, buy the house yourself and take in as many lodgers as you can. All those years I saved on pretty cheap rent by living in a shared house were great, but I wish it had been my house that was being paid off. And, I could have chosen who I lived with and kicked out some of the more irritating people.

That would have been a fab idea, I wish we could afford our current flat. We are discussing with a friend whether we should move in with her so we can save. Very difficult going from just you and your partner to shared living as it can be quite cosy (most properties where I live are quite small) but yes I think that's one of our options. Would give us about £500 extra in the savings pot which is definitely a boost but don't know if it's enough.

ruggedtoast

mwpt wrote: »

Have you considered a shared house? I did it for many years, and managed to save a lot that way. However, my advice, and I wish I'd done this many years ago, would be if you can somehow afford it, buy the house yourself and take in as many lodgers as you can. All those years I saved on pretty cheap rent by living in a shared house were great, but I wish it had been my house that was being paid off. And, I could have chosen who I lived with and kicked out some of the more irritating people.

Shared housing, where your flatmates sneak into your room and do unspeakable things to your underwear while you are out. No thanks.

greensalad

ruggedtoast wrote: »

Shared housing, where your flatmates sneak into your room and do unspeakable things to your underwear while you are out. No thanks.

Ha funny you say that, friend who I was considering moving in with had her underwear stolen! Very weird.

I've had nightmare housemates including one who psychologically bullied me for 8 months until I was so scared I couldn't go for a pee in my own house. Horrible stuff. Had another house share with a live-in LL who used to bring home barely legal girls (16 years old, he was 29) and ... god knows what in the room next to me. Always creeped me out. I'd have to find a houseshare with people I knew, hopefully there are still some friends not living in their own places!

dktreesea

greensalad wrote: »

This is what we've decided is our only option. Probably head up North. Sadly that means leaving friends and jobs behind and hoping for the best. It's a shame to down-size before life has even begun though, but I'm learning to accept I will never live in a two-bed again unless I rent it.

How exactly can one buy a "quarter share"? I have seen half-shares and we are not eligible.

Have looked into shared equity, very low amount of properties available it seems. As you will have seen from my post earlier in this thread, there were hardly any new-builds spanning across the three counties I was looking at and those that are available are all priced a lot higher than pre-owned, therefore negating the benefit of the 20% equity.

What about this site;


https://www.sharetobuy.com/sharedownershipproperties?location=Surrey&easting=488911.00&northing=151929.00


You do have to have a household income of less than £60k to participate in your neck of the woods though. Quite a few of these homes let you take up less than 50% equity. Not sure how close you are to them, but you said in an earlier post you were searching three counties for your home.


Some of the ones featured are in Woking. Preference is given to those who live or work in Woking for Woking properties, which would potentially give you an edge over other buyers from outwith the area. Yes, if you have a household income over £60k per annum, then this won't work. But with such an income you should be able to save a good deal of it, surely?

ruggedtoast

Britain's miserable renters endure highest rent in Europe. £750 pm vs £400 in most other places.

http://www.bbc.co.uk/news/world-us-canada-33160072